A California appeals court said San Francisco’s voter-approved Empty Homes Tax conflicts with state law, leaving a levy of $2,500 to $20,000 per vacant unit unenforceable for now.
A September 12 reminder from a Naperville enrolled agent firm underscores a federal tax rule many divorced filers miss: a state divorce order does not bind the IRS on a joint return, though relief may still be available under Section 6015.
AppraiseItNow said it now offers expedited appraisal reports for Forms 8283, 709, and 706 nationwide, a service aimed at taxpayers, executors, attorneys, and advisors facing tight filing deadlines.
With the IRS promoting Direct Pay ahead of the September 15 deadline, households with tender offers, IPO sales or large gains face a 7% interest charge on underpaid installments.
An art broker who spent a partner's unrestricted wire on a separate painting owed tax on the money in the year it arrived, the court held, because nothing at the time made it a loan or a deposit.
REG-116506-25 would require opportunity funds to report investor dispositions, have zone businesses attest to compliance and follow new decertification steps, with comments due October 16.
Fidelity's record count of 769,000 401(k) millionaires puts a spotlight on pretax balances that required distributions will force out at 73 or 75, often alongside taxed Social Security and higher Medicare premiums.
The Fourth Circuit ruled a businessman recklessly failed to report Hong Kong and Swiss accounts, and that a penalty near 30% of the statutory maximum was not grossly disproportional.
T.D. 10054 finalizes the deduction for interest on loans for new U.S.-assembled vehicles, but income phaseouts that begin at $100,000 and $200,000 limit its value for high earners.
The IRS used National Payroll Week to urge a paycheck checkup. For employees paid partly in restricted stock, the flat 22% supplemental rate often falls well short of the tax actually owed.
Rev. Proc. 2026-32 updates the automatic change procedures for Section 174A research expensing and residential construction contracts, with a shorter Form 3115 and relief for returns already filed.
Fidelity's second-quarter data shows seven-figure 401(k) accounts jumped from 645,000 to 769,000 as stocks rallied, leaving more savers with large pretax balances that will eventually be taxed.
Cerulli says 84% of bank executives worry about talent retention and 41% of advisors value product breadth, a dynamic that puts more private funds in front of clients whose tax filings grow more complex.
A Cerulli Associates study finds 55% of financial advisors offer estate planning and 40% offer income tax planning, even as practices court affluent households and shop for planning software.